orora limited - 2104 annual general meeting presentation
TRANSCRIPT
Annual General Meeting
16 October 2014
Orora Ltd 2014 2
Voting
• A poll will be conducted on all resolutions
• Place completed voting cards in ballot boxes by exit doors
• You can vote at any time during the course of this meeting
Orora Ltd 2014
Brand
3
Orora Ltd 2014
Full year result – pro forma profit up 44.8%
Metrics FY14 FY13 % Change
Profit after tax (AUD millions) 104.4 72.1 44.8
Earnings per share (cents) 8.7 6.0 44.8
Return on average funds employed (%) 9.3 7.2 2.1
Operating cash flow (AUD millions) 224.1 168.9 32.7
Dividend per share* (cents) 6.0 N/A N/A
4
*Declared dividend
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Business performance
•On-target delivery
• Cost reductions
•Market share gains
•Manufacturing efficiencies
• Cash conversion
• Stronger balance sheet
224million
AUD CashflowOperating
Orora Ltd 2014 6
Strong shareholder returns
AnnualDividend6c
Pershare
Payout Ratio 70 of NPAT
AUD
*%
*approximately
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Focus on delivery
Orora Ltd 2014
Key appointments
8
Samantha Lewis
• External audit
• Accounting
• Transactions
• Advisory services
Abi Cleland
• Strategy
• Mergers and acquisitions
• Business management
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Corporate citizenship
Orora Ltd 2014
The road ahead
10
Orora Ltd 2014 11
Priorities
The right people
Focus Cost reduction
Growth through an Orora lense
Inspirational brand
Orora Ltd 2014
Developing the “Orora Way”
12
Orora Ltd 2014 13
What we believe
Orora Ltd 2014
What we value
14
Orora Ltd 2014
What we deliver
15
Orora Ltd 2014
A customer-led organisation
16
Coca-Cola AmatilSUPPLIER OF THE YEAR, PACKAGING & INGREDIENTS
Coca-Cola AmatilSUPPLIER OF THE YEAR, PACKAGING & INGREDIENTS
Orora Ltd 2014
Innovation
17
Orora Ltd 2014
Safety
18
RCFR
51%
LTIFR
40%
SAFETY RECORD SINCE JUNE 2009
13.4
11.4
3.0
5.9
8.08.5
6.6
1.40.8 1.1
1.9 1.8
Jun-2009
LTIFR RCFR
Jun-2011Jun-2010 Jun-2014Jun-2013Jun-2012
Orora Ltd 2014
Team member share plan
19
Orora Ltd 2014
Our company
20
Closures
Orora Australasia
Beverage
Fibre Packaging
Packaging & Distribution
BeverageCans Glass
Fibre Packaging Landsberg – Orora
Orora North America
Manufacturing
Orora Group
Orora Ltd 2014
Business performance - Australasia
21
EBIT increase
162.5million
EBIT Total (AUD)
25.7%
Orora Ltd 2014 22
Business performance –B9
Orora Ltd 2014
Business performance – North America
23
EBIT Increase
57.1million
EBIT Total (USD)
31.3%
Orora Ltd 2014
Business performance – North America
24
Organic sales
Market share
Sales volume to third parties
Margins
Manufacturing
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Debt reduction
Leverage
2.2x 31%Gearing
Orora Ltd 2014
Growth through an Orora lens
26
Orora Ltd 2014
First quarter trading
27
CostReduction
Improvement of operations
Market Share Growth
Innovation
Orora Ltd 2014
Summary
28
Financial Discipline
GrowthCustomer
Led
5,500team members
60,000+shareholders
7 countries
115 sites
Annual General Meeting
16 October 2014